Indonesia issues Asia's biggest sovereign bond of 2016

Braving the post-Trump chill over the bond markets, the Jakarta government prepares for 2017 and likely Fed rate hike by raising $3.5 billion in a three-tranche offering.

With a US rate hike looming, the Republic of Indonesia made a head start on its 2017 funding needs with a $3.5 billion bond sale that is the largest this year from an Asian sovereign issuer.

The timing of the Republic of Indonesia's deal the first by a sovereign anywhere since Donald Trump's shock victory in the November 8 US poll was key. It tapped markets on Thursday, a day ahead of the US...

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